Near-term growth trajectory to remain strong as Wipro banks on large deals

Despite cost pressures, margins expected to sustain on operating leverage

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After a strong performance over the past few quarters, India’s third largest information technology major Wipro is eyeing at an accelerated revenue growth trajectory going ahead. The company posted a 6.9 per cent sequential dollar revenue growth as compared to Tier-1 average of 4.4 per cent in Q2. Growth over the last few quarters were led by client mining, partnerships, acquisitions and focus on key markets and sectors. The company made its largest ever acquisition worth $1.45 billion when it bought UK-based financial services firm Capco in April this year. Going ahead, ...